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ClearSlide Secures $50 Million to Fuel Innovation in Sales Productivity

SAN FRANCISCO, CA--(Marketwired - Feb 27, 2014) - ClearSlide, the leading sales engagement platform, today announced it has closed a $50 million Series C round of funding led by The Social+Capital Partnership. All current venture investors, including Greylock Partners, Bessemer Venture Partners, and Felicis Ventures participated in the round.

Mamoon Hamid, General Partner at The Social+Capital Partnership has joined the company's board of directors. A veteran start-up investor and advisor, Hamid has been a board member of several disruptive enterprise SaaS startups, including Yammer and Box.

Over the last year, ClearSlide increased its revenue by 2.5x and doubled its customer base, which includes leading sales teams at LinkedIn, Intuit, Expedia, Comcast, Rackspace, and The Wall Street Journal. ClearSlide's total funding is now $90 million.

"We have big plans for 2014 and beyond to scale our business. With this newest round of funding, we will build upon the huge momentum we've seen over the past few years and plan to use funds to expand our platform. We are working to redefine the modern sales team and dramatically improve our customers' sales productivity," said Al Lieb, CEO of ClearSlide.

"There is tremendous potential for innovation in how sales people engage with their customers," said Mamoon Hamid, General Partner at The Social+Capital Partnership. "ClearSlide has proven its position as a market leader, and we are thrilled to partner with the team as it continues to innovate and improve the sales process for its customers."

Also participating in the round were Comcast Ventures and Silicon Valley Bank.

The ClearSlide platform gives sales leaders insight into the real-time activity of their teams and provides deep analytics about the type of content that ultimately is most impactful with customers. For sales professionals, ClearSlide allows for easy interactions with customers and prospects, whether online or in-person, using ClearSlide's web-based or mobile applications. For sales leaders, ClearSlide's activity analytics enable them to identify successful behaviors and coach reps to higher productivity.

About ClearSlideClearSlide is the leading sales engagement platform that powers valuable, genuine business conversations and enables sales teams to close more business. ClearSlide improves customer-facing interactions (phone, email, face-to-face) by providing real-time visibility and analytics for both sellers and sales leaders. As a result, customers achieve higher seller productivity, increased sales management effectiveness, and stronger customer-facing messaging. Founded in 2009 and headquartered in San Francisco, ClearSlide serves thousands of customers, including Rackspace, Thomson Reuters, LinkedIn, AOL, LexisNexis, and more.